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locshare11

800 Posts.

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07/12/15

20:49

Post #: 16564325
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Originally posted by locshare11 ↑

Why a cut in corporates debt and a rise in interest rate don't make sense.

Scott Morrison, Australia Treasury department representative said " budget repair is essential regardless of how economic conditions evode. Australia will be a better place to respond if the budget is in a stronger position. We therefore cannot wait for economic growth to fix the budget bottom line". The age weekend news.

So what has happened in the US. They've been waiting for a strong economic growth in nearly for a year and YET they cannot fix the budget deficits.

Data
Foreign debt as Sep 2015 993.8 billions
Fiscal deficit 40 billions
Total deficits 997.8 billions
GDP 1.453 trillions

Australia Debt to GDP 68.67%
America debt to GDP +105%

Australia corporates tax / total tax revenue is 18.5%
America is 9% in line with international standard.

Tax revenue as % of GDP
AU 25.8%
US 22%
CA 32.2%
NZ 34%

US corporates profit was down from 1.5 in October to negative 8.1 in November.

Please don't tell me It won't hurt America revenues.

We have heard a lot of stories about US companies whom had tried to avoid tax. SEC had issued hefty fines including overseas arms.

As USD is going higher, It will spur a lot of M&A activities in other countries like Canada. US companies will acquire comparable size companies to LOWER their effective tax rate.

OGC had acquired a Canadian mine this year and It's likely to lose out the new tax break in the US.

There's a downside term as they cannot spend in the US for further growths to recruit more Americans.

So why the NFG was so stable for the whole year standing at av. 210k

It looks like individuals have contributed big revenues for America. Yeah.

If that was the case why there were more than 570 billions deficit in 22 days in the month of October.

It was strange and funny too.

Individuals have used money in properties, cars and shares. The make sure their accounts looked negative in order to pay less tax. IMO.

Are the monies borrowed or owned ? ?? Do they gain money to invest in oil shale players?

A Joe said " debt pile is non rational fear. Fear of uncertainty create rational thinking."

So Joe thinks debt is not a problem.

FORM act was introduced and It has been auditing the Fed policies.
Congress has been squeezing its fiscal spendings.

No problem is a problem solved.

I think Patience with knowledges overcome Fear and I thin a DEMON is still in me and you, Joe.

I'm a learner so it's easy to face loses rather than gains.

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